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Originally Posted by HarryT
Could you summarise for those of us who don't speak Dutch?
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Google translates:
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The Dutch manufacturer iRex Technologies of e-readers on Tuesday by the court in Den Bosch bankrupt.
Shareholders and bank Deutsche Bank wanted the new company does not provide funding. IRex had been dealing with a debt of over € 10 million
Curator Martin Kemp expects that the company can make a new start in Eindhoven. Several parties are interested in intellectual property and knowledge of the thirty employees, he said Tuesday. "I am confident that the company will continue. There's nothing lost. "
Pioneer
IRex was the beginning of this century with a pioneering technology that enables digital books to read without eye fatigue caused by the display. Since last year the market for e-readers a real fighting market. Prices for digital reading boards are hard fall while iRex bet on more expensive, higher quality e-readers.
The company said earlier this month moratorium on. There was, according to Kemp € 1.5 million to € 2 million additional funding necessary for the short-term survival. Last week was an application for a loan from the Brabant Development Agency rejected on Monday were discussions with shareholders and Deutsche Bank, spoke.
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So not all is lost, provided they get the loans required to go on.